Contents

Transliteration Table
Foreword
Translator's Note
Author's Preface
Introduction

Part One :- The Islamic Concept of Economic Well Being
1. Mankind's Economic Problems and Their Islamic Solutions
1.1 The Problem of Partial Approach
1.2 The Real Issue
1.3 The Root Cause of Economic mismanagement
1.4 Self-Aggrandizement and luxuries
1.5 Capital Worship
1.6 The Element of Antagonistic Competition
1.7 Cartels and Monopolies
1.8 The Recipe of Communism
1.9 The Fascist Solution
1.10 The Islamic Solution
1.11 Points to Ponder

2. Economic Teaching of the Qur'an
2.1 Fundamentals Truths
2.2 Parameters of Permissible and impermissible
2.3 Parameters of Private Ownership
2.4 Irrational Concept of Economic Parity
2.5 Monasticism or Moderation and Balance
2.6 Distinction between Halaal and Haram means of Livelihood
2.7 Forbidden means of Livelihood
2.8 Prohibition of Stinginess and Hoarding
2.9 Lust for Money and Greediness
2.10 Un-checked Spending

3. The Difference between Islam and Capitalism

3.1 Distinction between Lawful and Forbidden means of Livelihood
3.2 The Accumulation of Wealth
3.3 Money is to Spend
3.4 Zakah
3.5 Law of Inheritance
3.6 We gains and division of the conquered land's revenue
3.7 Injunctions about Economy and Balance

4. The Economic Philosophy of Islam
4.1 Basic Values of Economic Philosophy of Islam
4.2 Eight Fundamental Principles of the Economic Philosophy of Islam

5. The Principles and Objectives of Islam's Economic System
5.1 Basics of the Islamic Economic System
5.2 The Objectives of Islamic Economics
5.3 Basic Principles of Islam's Economic System

6. Some Principles of Economic Life
6.1 Basic Values of Economic Society
6.2 The Islamic Path of Moral and Economic Rejuvenation
6.3 The Concept of Earning and Spending
6.4 Principles of Spending
6.5 Principles of Moderation and Balance
6.6 Distributive Justice

Part Two :- The Economic System of Islam:- Some Basic Features

7. The Question of Land Ownership
7.1 The Holy Qu'ran and the question of Private Ownership
7.2 Precedents of the Holy Prophet and his Caliphs
7.3 Ownership Rights on the Basis of Settlement
7.4 Award of State Land
7.5 The Shari'ah Perspective on the Award of State lands
7.6 Feudal Estates and Islamic Shari'ah
7.7 Respect for Ownership Rights
7.8 Islamic Social Order and Private Ownership
7.9 The Question of Delimitation of Agricultural land
7.10 Sharecropping between landlord and farmer
7.11 Principles of Property Management

8. The Question of Interest
8.1 Islamic Injunctions Concerning Interest
8.2 Need for Interest: A rational Re-assessment
8.3 'Economic Benefits of Interest?
8.4 Need and Utility of Interest?
8.5 De-merits of Interest
8.6 Economic Growth without Interest
8.7 Availability of Loans in an interest free System
8.8 Islamic Modes of Banking
8.9 Economic and Industrial Loans for non-muslim countries

9. Zakah in Theory and Practice
9.1 Essence of Zakah
9.2 Zakah Place in Social Life
9.3 The Divine Command Concerning Zakah
9.4 Various Categories of Zakah Distribution
9.5 Basic Rules of Zakah

10. Islam and Social Justice
10.1 Falsehood in the Grab of Truth
10.2 Social Justice in Theory and Practice
10.3 Failings of Capitalism and Communism
10.4 Communism:- The Worst Form of Social Oppression
10.5 Justice in Islam

11. Issues of Labour, Insurance and Price Control
11.1 Labour related issues and their Solution
11.2 Insurance and Measures for Reform
11.3 The Question of Price Control

12. Recodification of the Economic Laws of Islam
12.1 The Constant and the variables
12.2 The need to Modernize
12.3 Essential Prerequisites for Modernization of statutes by laws
12.4 General Rules of Exception
12.5 Relaxation in the Case of Interest

Glossary
Short Biographies
Index